Buy Ashok Leyland as CV cycle likely to move up: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services, shares his views on Ashok Leyland.

ET Now: Ashok Leyland, are you recommending this stock clearly from the optimism around the CV cycle?

Ambareesh Baliga: Absolutely, this CV cycle is looking up and we should see that over the next three to four months. Originally I had recommended this stock at about 32 from there we saw an uptick and after it had corrected but yes even now it is clearly a buy.